Electronics

Tata Technologies Receives Over $ 100 Million Embedded Electronics and EV Orders: Report

The company recently worked with the Manipur government to transform technical training and encourage state entrepreneurship and innovation.

Tata Technologies, an engineering and design subsidiary of Tata Group, has received over $ 100 million (Rs. 74 billion) in new orders, primarily in the electronics and digital domains of embedded vehicles. Autocar Professional..

In an exchange with the publication, Tata Technologies CEO Warren Harris announced that most of the orders came from overseas four-wheel OEMs and some from two-wheel OEMs. He added that it is believed that a significant portion of the new business came from the EV category.

Harris also told publications during the pandemic that the company has seen a significant rise in its embedded technology business segment, with partnerships with automakers in India, China, Japan and Sweden in particular for its adoption. rice field.

Commenting on growth headwinds, Harris said Tata Technologies has not been affected by semiconductor shortages so far, but some customers may cut discretionary investment in the next 12-18 months of the chip crisis. He states that he thinks there is.

The company recently worked with the Manipur government to transform technical training and encourage state entrepreneurship and innovation.

Both parties have signed a three-year Memorandum of Understanding (MoA) for this purpose.

The company expects to record 40% growth in 2022 and achieve revenues of around Rs 3,700. This constitutes a smart return after a pandemic-affected 2021 fall of 16.5% to reach Rs 2,381.

https://www.electronicsb2b.com/headlines/tata-technologies-receives-embedded-electronics-and-ev-orders-worth-over-100-million-report/ Tata Technologies Receives Over $ 100 Million Embedded Electronics and EV Orders: Report

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